[fm]: Hewlett Packard Enterprise Company (NYSE:HPE): Target price suggests stock is worth 21.26 USD per share

Hewlett Packard Enterprise Company (NYSE:HPE) down -0.61% for the past 5 days, is under coverage of 26 analysts who collectively assign a hold rating on stock. 13 of the brokerages firms have a buy or better rating; the 0 sells versus 1 underperforms. 

The 20 stock analysts who cover the stock have an average PT at $21.26, with individual targets in the range of $16 to $26. The shares ended last trade at $21.93, implying that Wall Street analysts see shares losing about -3.06 per cent in 12 months’ time.

Insider Activity

Corporate insiders look pessimistic about the outlook of the company stock that they seem to offload shares while they have 45.23 jumped so far this year. A SVP, Controller & PAO at Hewlett Packard Enterprise Company (HPE) sold shares in a trading activity completed on Friday July 29, 2016. Ricci Jeff T offloaded 28,776 shares in the company at a per-share price of $21.4 and ended up generating $615,810 in proceeds. 

Ricci Jeff T retains 0 shares in the stock after this transaction. A EVP and GM, HP Software in the company, Youngjohns Robert, on Tuesday July 19, 2016 collected $169,770 from the sale of 8,622 shares at a per-share price of $21.4. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings Roundup 

In the last fiscal quarter alone, Hewlett Packard Enterprise Company generated nearly $12.71B in sales and net income of $1 Week

Ago/share. That compares with the mean forecast $12.33B and $Current/share, respectively. For the prior quarter revenue for the stock hit $12.72B, with EPS at $0.41.

Hewlett Packard Enterprise Company (HPE) Analyst Coverage

Raymond James is a brokerage house chasing shares of Hewlett Packard Enterprise Company (HPE), so its rating change is noteworthy. The company stock was initiated at Mkt Perform, wrote analysts at Raymond James, in a research note issued to clients on Wednesday August 17, 2016. There was another key research note provided by Citigroup on Monday July 25, 2016. The firm lifted its rating on HPE from Neutral to Buy.

Price Momentum

Despite the -0.05% drop in value, the stock’s new closing price reflects a -1.22% fall in price from company’s one year high of $22.2. The stock is currently holding above its 50-day SMA of $9.67 and above its 200-day SMA of $20.64. Over the last 3 months and over the last 6 months, the shares of Hewlett Packard Enterprise Company (HPE), have changed 33.29% and 17.68%, respectively.




By: Daniel Wilkinson (Review Fortune).

Photo: eCommerce Times.

Review: Emerging Market Formulations & Research Unit, FLAGSHIP RECORDS.

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